Wednesday, September 15, 2004

The New York Times > Technology > Yahoo to Buy Online Music Seller for $160 Million

The New York Times > Technology > Yahoo to Buy Online Music Seller for $160 Million "Music is one of the most-used applications on the Web," said Dan Rosensweig, Yahoo's chief operating officer. "Our objective is to be the leading player in the digital music world."
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Mr. Leigh said that he thought other companies, including Amazon.com, had been trying to buy Musicmatch, and that Amazon was likely to make a move to expand its online music business.
"This provides more incentive to Amazon for them to fish or cut bait in music," Mr. Leigh said. "I think they will fish." He said the most logical move for Amazon would be to acquire Napster. An Amazon spokeswoman, Patti Smith, and a spokeswoman for Napster, Dana Harris, both declined to comment."